UPDATE 1-Telus profit rises 10 pct on strong demand

Reuters Staff

2 Min Read

(Adds details)

May 7 (Reuters) - Telus Corp , one of Canada’s three top telecommunications companies, reported a 10 percent rise in quarterly profit, helped by higher revenue from its wireless and wireline businesses.

The company said it added about 81,000 new wireless postpaid, TV and high-speed subscribers in the quarter. Telus serves about 13.7 million customers, according to its website.

Telus raised its second-quarter dividend to 42 Canadian cents per share from 40 Canadian cents it paid in the first quarter.

The company’s net income rose to C$415 million ($344.1 million), or 68 Canadian cents per share, for the first quarter ended March 31, from C$377 million, or 60 Canadian cents per share, a year earlier.